Your Juicyway USD account is one of the most powerful wallets on your Juicyway app. It literally gives you the ability to send, receive, and hold a major currency “dollars” with ease. But with great power comes…well, a few important rules.
We would simply like you to know, if you don’t use your account the right way, you put yourself at risk of: delays, blocked payments, account restrictions or worse permanent disabling.
But trust us, we would definitely not want anyone to be stranded especially when money is on the line.
So here’s everything you need to know to keep your USD account smooth and stress-free.
Why Correct Account Usage Matters
Think of your USD account like your own passport. It identifies you and is designed for your direct use.
You should be aware banks and regulators watch closely for any sign of red flags, especially around third-party payments. Which means one wrong move could trigger compliance checks, slowing down your transactions or worse could lead to account restrictions.
To avoid lots of these, you will have to use your account correctly, because when you do, you:
- Keep your transfers fast and reliable
- Protect your money from unnecessary holds
- Build trust with our banking partners (which keeps the service available to you)
This way, your money can run safe and smoothly across borders.
What Actually Counts as First-, Second-, and Third-Party Payments
The easiest way to understand this is through simple example:
- First-party payments → You moving money between accounts that belong to you. Example: From your Juicyway USD account to your own bank account.
- Second-party payments → You paying or receiving money directly from someone you have a business or personal relationship with. Example: Paying your vendor for services, refunding a customer, or receiving payment for your products.
- Third-party payments (❌ not allowed) → You acting as a middleman. Example: Your friend sends money to your USD account so you can forward it to another person, or a company pays you just to pass funds to someone else.
Now you have a clear picture of what each payment type is, we will emphasize once again that third-party payments are absolutely not allowed, as this could cause your account to be flagged or worse disabled.
Real Examples of Mistakes to Avoid
- “My cousin in the US wants to send me money, can I use my business account?” ❌ No. If the money isn’t for your business directly, it’s a third-party payment.
- “A client abroad wants to send money in USD, and I’ll pass it to their supplier in NGN.” ❌ Not allowed. That’s acting as a pass-through for FX settlements.
- “My vendor says I should help collect funds from another business partner.” ❌ Don’t do it. This can get your account flagged quickly.
How Proper Usage Protects Your Account
When you follow the rules, your account stays safe and your money keeps moving. Correct usage means:
- Faster approvals with fewer or zero delays
- Zero risk of account freezes or compliance investigations
- Absolute peace of mind knowing your business (or personal finances) won’t be interrupted.
In short: Proper usage isn’t just about following the rules. It’s about protecting yourself and your money.
FAQs
Q: Can I pay an individual from my USD account?
A: Yes, but only if it’s consistent with your business or personal use. For example, paying a consultant, refunding a customer, or settling legitimate services.
Q: Can I give my account details to a friend or another company?
A: No. Your USD account is unique to you. Lending it out is one of the fastest ways to get it flagged.
Q: Can I use it for remittances or currency exchange for others?
A: No. This is classified as a third-party transaction and is prohibited.
Q: What if I already did a third-party transaction by mistake?
A: Your transaction could be delayed or blocked. Always reach out to us at compliance@juicyway.com for more clarification before trying again.
The Bottom Line
Your Juicyway USD account is yours - not anyone else’s. Use it for your own transfers, your own business, and your own payments.
That way, you’ll enjoy fast, secure, and uninterrupted access to your money, the way it should be.
Stay safe with Juicyway, Cheers💜
